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Tether’s First Big Step into Oil Trade with $45M Deal

  • Tether Investments, the investment branch of Tether, has financed a $45 million oil transaction involving 670,000 barrels of crude oil from the Middle East.
  • This marks Tether's first oil transaction and showcases their expansion into trade finance.
  • Tether aims to make trade faster, cheaper, and more efficient by providing funding for companies to move products quickly.
  • Their Trade Finance division plans to support a wider range of products and make global trade more inclusive.

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